According to media reports on Tuesday, Microsoft Corp (MSFT.O) plans to cut thousands of jobs, with some roles expected to be eliminated in the company’s human resources and engineering divisions. These layoffs would be the latest in the technology sector, where companies such as Amazon.com Inc (AMZN.O) and Meta Platforms Inc (META.O) have also announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.